HSBC
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Nearly three months without Masala bond issuance has left investors hungry. But Indian Renewable Energy Development Agency gave investors something healthy to chew on this week — using the structure to sell a Rp19.5bn ($297m) green bond. -
The IPO of Pirelli, the Italian tyre company, has been priced at €6.50, the bottom of the revised range, valuing the business at €6.5bn.
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Kia Motors Corp has mandated banks for a new dollar deal, with a global roadshow kicking off in early October.
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Saudi Arabia does not come to market often, but when it does, it does so in size — as this week’s $12.5bn sale proved. In the last 12 months, the Gulf state has raised more in dollar or euro syndications than any other sovereign. The issuer has shown remarkable commitment to weaning its economy off petrodollars as it enlists capital markets to help it plug a $53bn deficit, writes Virginia Furness.
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Having made euro investors wait three years since its last deal, in 2014, Australian pallet and container provider Brambles finally returned to the single currency market on Tuesday, printing a deal with virtually no new issue premium.
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Heineken used the quieter end of the week in terms of issuance to price its second benchmark corporate bond issue of the year. The sixth benchmark issue of the year in Europe from a beer producer was the only deal in the market on Friday.
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Automotive finance companies rarely issue corporate bonds with tenors longer than four or five years, due to the assets they need to fund. This week, however, three of them sold five year bonds.
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Citi is planning to add at least 25 bankers to its Belt and Road coverage team over the next couple of years, amid a pick-up in interest from clients.
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Industrial and Commercial Bank of China is set to become the first Mainland bank to sell a green bond aligned with both international standards and China’s framework.
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Indian Renewable Energy Development Agency (Ireda) launched its long anticipated green Masala bond on Thursday, just days after the country’s regulators re-opened the tap for offshore rupee issuance.
